Stocks edged higher on Friday, again driven by strong corporate earnings that partially offset a weaker-than-expected reading on economic growth, extending three days of gains.
Futures on major US stock indices remained range-bound Friday ahead of the release of the economic data, which include key GDP figures.
Exxon Mobil Corporation (NYSE: XOM) will increase its quarterly dividend 21 percent to become the largest corporate dividend payer, according to Standard & Poor's on Wednesday.
Spanish oil company Repsol threatened on Monday legal action against any investors helping newly nationalized Argentine oil company YPF develop oil resources previously discovered by the Spanish firm.
China produces 97 percent of the world's rare earths, minerals that are critical for the production of everything from cell phones to missiles -- and now it wants to keep more of them for itself. The world is worried, but there may be little it can do.
Earnings season is in full swing, and about 80 percent of the companies that have already reported topped estimates. We ran a screen and produced a list of 50 key companies set to report their earnings between April 23 and 27.
Dow Chemical Co. (NYSE: DOW), the second-largest chemical company by revenue, said Thursday it will build an ethylene plant in Texas to take advantage of the sharply lower costs of natural gas feedstock, something its foreign rivals cannot take advantage of.
The CEO of the biggest oil company in one of the world's fastest-rising economies thinks high oil prices are here to stay.
He's the flashiest tycoon in one of Asia's poorest cities, with a canary-yellow Lamborghini parked outside his neoclassical mansion.
A Judge in Rio de Janeiro state in Brazil blocked a request that Chevron and Transocean's operations in that country be halted following two offshore oil spills.
A small band of protesters gathered outside the home of Chevron CEO John Watson on Tuesday following a California report accusing the oil giant of not paying its fair share of taxes.
A judge in Brazil gave permission to one of the 17 Chevron and Transocean employees facing criminal charges over a November offshore oil spill to leave the country, documents released by a federal court on Wednesday showed.
Chevron, the second-biggest U.S. oil company, and Transocean are facing a second civil lawsuit which doubles the amount they may have to pay for two oil leaks off the coast of Brazil.
The U.S. oil giant is engaged in a battle with Ecuadoran courts over $18 billion in environmental damages. While that saga continues, a judge in New York said Chevron doesn't have to pay a $21.8 million fine.
In a new twist to the class claims lawsuit against India-based conglomerate Larsen & Toubro and its U.S. subsidiary L&T Infotech, an amended complaint has been filed to include yet another former female employee of the company who has alleged gender and pregnancy discrimination, and has also outlined in detail massive immigration violations that the company was indulging in.
On Tuesday police and other authorities dealt with their 11th bomb threat in three weeks at the University of Pittsburgh.
Stock index futures fell on Wednesday after minutes of the Federal Reserve's March meeting released on Tuesday showed policymakers were less inclined to provide more economic stimulus, curbing investors' appetite for risky assets.
A Brazilian federal prosecutor on Tuesday launched his second 20 billion real ($10.9 billion) lawsuit against U.S. oil company Chevron and driller Transocean , doubling the stakes against the companies as critics call him as overzealous.
Chevron (NYSE: CVX) and Transocean (NYSE: RIG) will soon know which Brazilian court will preside over a criminal trial stemming from a November 2011 oil spill.
Friday, the Dow gained 66.22 points, or 0.50 percent, to 13,212.04 at the close. The S&P 500 Index gained 5.19 points, or 0.37 percent, to 1,408.47, while the Nasdaq Composite dipped 3.79 points, or 0.12 percent, to 3,091.57. The uptick capped U.S. stocks' strongest quarter in more than two years.
Chevron Corp. (NYSE: CVX), the second largest U.S. oil company, lost its fourth attempt to avoid paying $18 billion in environmental fines for polluting tracts of the Amazon.
Despite Monday's 92-4 vote, Republicans are likely to kill the bill later this week if, as expected, they're not allowed by the Senate's Democratic leadership to propose amendments.
